How is a House Divided in a Divorce: A Must-Read Guide

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As much as home is where the heart is, it's also the primary financial asset. In the sad event that a marriage is dissolved, how is a house divided in a divorce becomes one of the principal concerns between a divorcing couple.

Questions over where either partner will choose to stay, and how the asset that was once the bedrock of former partner's financial partnership will be divided are difficult to answer.

Springbok Properties understands that divorce is a distressing time for both partners. We are sympathetic to the situations homeowners can find themselves in. How is a house divided in a divorce? We have provided a must-read guide for homeowners that details everything that homeowners need to know about the separation of assets.

 

How Is a House Divided in a Divorce: Asset Valuation

In the event of divorce, all assets will need to be identified and valued. This includes property - regardless of whose name the property is in. When answering how is a house divided in a divorce, the answer is that there is no legal framework that defines the split of assets. However, broadly speaking, how is a house divided in a divorce? 50:50 between partners.

Divorce solicitors will, however, take a range of factors into decision before agreeing to split the value of the property 50:50 between former partners. Any financial settlement will be tailored, first and foremost, to meet couple's reasonable needs.

Springbok Properties provides more than 1900 FREE property valuations every month. For a FREE property valuation, the initial stage of how is a house divided in the event of a divorce, follow this link.

Springbok Properties is here to help homeowners that wish to sell their home quickly and answer how is a house divided in a divorce. Call us TODAY on: 0800 068 4015 to speak to one of our award-winning customer service team.

 

How Is a House Divided in a Divorce: Registered Ownership

Marriage or divorce does not change who the Land Registry acknowledges as the owner of the property. However, family law solicitors agree that marriage creates obligations between a husband and a wife. Courts have the rights to award the legal right of occupation to one spouse, under certain circumstances andif the spouse has a legal right to the property.

This is a vital point to consider when understanding how is a house divided in a divorce. Even if the Land Registry recognises that the property is owned by one person, it is still legally considered the marital home until the moment the divorce is finalised.

It is highly unusual for one partner to be awarded sole equity in when considering how is a house divided in a divorce, even if, as per the Land Registry, the property is owned by one person.

If you're unsure if you're the joint owner of a property, thereby unsure how is a house divided in a divorce, Springbok Properties can help you. Call us TODAY on: 0800 068 4015 to speak to one of our award-winning customer service team to find out your property ownership status.

 

How Is a House Divided in a Divorce: Property Sale

In the event of a divorce, many homeowners feel that it's best to move on with their lives. Selling the house that they once shared with their partner, allows them to psychologically move on, and immediately leaves homeowners safe in the knowledge that their financial future has been secured.

However, selling a home with a high-street estate agent can be a prolonged affair, with homeowners waiting to discover how is a house divided in a divorce. Complications can further arise depending on the location, asking price and desirability of the property.

The how is a house divided in a divorce question can be further complicated if either partner has dependents to support, and is without the financial resources they once had. Indeed, homeowners may not have the immediate finances available to afford to list the property with a high-street estate agent.

This is where Springbok Properties can help you settle how is a house divided in a divorce. With no upfront fees, we guarantee a swift property sale. More than 75% of our properties are sold in less than two months. Using leading online property portals, we connect you with cash-ready buyers from across the UK, allowing you that peace of mind that you know how is a house divided in a divorce, and that you will have the financial resources to start a new life.

To discover more on how is a house divided in a divorce, or to list your home with of the UKs leading online property companies, call us TODAY on: 0800 068 7935.

 

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